Thursday, December 19, 2013

Big Mistake - Bank Foreclosing and Past Due in Assessments


Many homeowners make a huge mistake by thinking the homeowners' association or condominium association cannot foreclose if the bank is already foreclosing the mortgage.  That is not true at all!

Always pay the association.  There is nothing worse then defending your home against foreclosure by the bank and then suddenly losing it to the association.  Even worse if you are successful and the foreclosure by the bank is defeated and you lose home you worked so hard to save to the association.

If you are already past due ask for a payment plan.

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